Activity

Greeks.Live: Due to the overlap of Christmas and annual delivery, the overall market activity is relatively low, and this week's theme remains focused on adjustments

ChainCatcher news, Greeks.Live analyst Adam stated that on December 27, the last options expiration of the year will take place, with a total of 150,000 BTC options expiring, a Put Call Ratio of 0.69, and a maximum pain point of $85,000, with a nominal value of $14.17 billion; at the same time, 1.12 million ETH options will expire, with a Put Call Ratio of 0.41, a maximum pain point of $3,000, and a nominal value of $3.74 billion. The total nominal value of this expiration is approximately $18 billion. Due to the overlap of Christmas and the annual expiration, the overall market enthusiasm is relatively low, and this week's theme remains focused on adjustments.In addition, Bitcoin's annual returns in 2024 are expected to more than double, especially with strong performance at the end of the year, and the market is optimistic about 2025. Analysts point out that after Trump takes office in January next year, he may become the most crypto-friendly president, while Musk's influence will further drive the development of the crypto industry. The integration of mainstream finance and crypto, along with factors such as the U.S. government's and corporations' Bitcoin reserves, is expected to bring positive impacts to the market, and a sector rotation bull market may be on the horizon in the coming months.

Chainalysis: So far this year, illegal activity funding in the crypto space has decreased by 19.6% to $16.7 billion, indicating that the growth rate of legitimate activities is outpacing that of on-chain illegal activities

ChainCatcher news, Chainalysis pointed out in a blog post that there have been many seemingly positive developments in the cryptocurrency ecosystem this year.It noted that with the approval of spot Bitcoin and Ethereum ETFs in the U.S. and the Financial Accounting Standards Board (FASB) revising fair accounting rules, cryptocurrencies continue to gain mainstream recognition in many ways.Chainalysis also mentioned that the funds flowing into "legitimate" services so far this year are at the "highest level" since 2021 (the last peak of the bull market). It pointed out that illegal activity funds have decreased by "19.6%, from $20.9 billion to $16.7 billion, indicating that the growth rate of legitimate activities is outpacing on-chain illegal activities."These signs suggest that cryptocurrencies will continue to be "adopted globally," which is also reflected in Japan's crypto ecosystem. Overall, Japan's services have a "generally lower exposure to global illegal entities, such as sanctioned entities, dark web markets (DNM), and ransomware services, as most Japanese services primarily target Japanese users."However, the report clarifies that this does not mean Japan is "completely immune to crypto-related crime," with public reports including Japan's Financial Intelligence Unit (FIU) JAFIC emphasizing that cryptocurrencies pose a "significant money laundering risk." Chainalysis further pointed out that although Japan's contact with international illegal entities may be limited, the country "is not without its own local challenges. Off-chain criminal entities utilizing cryptocurrencies are common but often remain unknown." (Crowdfund Insider)

4E: Market activity has significantly increased, with a focus this week on the core PCE price index and the Federal Reserve meeting minutes

ChainCatcher news reports that according to 4E monitoring, last Friday, the three major U.S. stock indexes collectively closed higher, with the Dow Jones Industrial Average rising nearly 1%, reaching a historic high. The S&P 500 index rose by 0.35%, marking five consecutive trading days of gains, while the Nasdaq increased by 0.16%. Over the week, the Dow accumulated a 2% increase, and both the S&P 500 and Nasdaq rose by 1.7%. As the "Trump Cabinet 2.0" gradually takes shape, the market is generally optimistic about the implementation of Trump's tax cuts and deregulation policies.Cryptocurrencies showed an upward trend last week, with the market sentiment index remaining in the greed phase, indicating investors' optimistic expectations for future price movements. As BTC continues to hit new highs approaching $100,000, market activity has significantly increased, and altcoins generally saw substantial gains following the market trend, while the popularity of meme projects declined last week.In the forex commodities sector, the U.S. dollar index rose nearly 1% last week, surpassing the 108 mark and reaching a two-year high. The bleak economic outlook for the Eurozone has dampened oil demand expectations, but due to the escalation of tensions between Russia and Ukraine, oil prices rose about 6% last week, marking the best performance in two months. Recent trends in gold have been supported by strong risk aversion and reduced expectations for a Fed rate cut in December, with gold prices rising for five consecutive days last week, accumulating a 5.7% increase, the largest weekly gain in nearly two years.After Trump's victory in the presidential election, the Fed's stance on rate cuts has become increasingly cautious. Last week, a series of hawkish comments from Fed officials cast a shadow over the highly anticipated prospect of a Fed rate cut in December. The minutes from the Fed's November meeting and the Fed's preferred inflation indicator, the PCE price index, will be released on Tuesday and Wednesday local time, respectively, which may stir market waves. Currently, investors expect the likelihood of a Fed rate cut in December to be slightly above 50%. eeee.com is a financial trading platform that supports assets such as cryptocurrencies, stock indices, gold commodities, and forex, recently launching a USDT stablecoin wealth management product with an annualized return of 5.5%, providing investors with potential hedging options. 4E reminds you to pay attention to market volatility risks and to allocate assets reasonably.
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